Malaysia plans to diversify its trading partners to explore new solar export markets amid geopolitical tensions and the ongoing trade war between China and the United States, according to the Investment, Trade and Industry Ministry .
“As a trade-based nation, we adopt a neutral and non-aligned stance, given that both the US and China are crucial for trade and investment in ASEAN countries,“ he told Bernama. Recently, the US imposed a tariff of 9.13 per cent on solar cell imports from Malaysia, while other Southeast Asian nations faced different rates: Cambodia at 8.25 per cent, Thailand at 23.06 per cent, and Vietnam at 2.85 per cent.
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